Changes from report parliamentary committee draft to plenary report

▸7 unchanged paragraphs

24. Article 54 is amended as follows:

(a) paragraph 1 is replaced by the following:

"1. The Board, in its executive session, shall:

(a) prepare all of the decisions to be adopted by the Board in its joint plenary or its SRM and EDIS I plenary sessions, respectively;

(b) take all of the decisions to implement this Regulation, unless this Regulation provides otherwise.";

(b) in paragraph 2, the full stop at the end of point (e) is replaced by a semicolon and the following points are added:

"(f) determine the amount of liquidity support in accordance with Article 41m(1);

Change 73

Changed(g) determine the amount of liquidity support to be provided by mandatory lending in accordance with Article 41m(2);41m(1);

Removed▌

Added▌";

(c) paragraphs 3 and 4 are replaced by the following:

"3. Where necessary because of urgency, the Board in its executive session may take certain provisional decisions on behalf of the Board in its joint plenary or its SRM and EDIS I plenary sessions respectively, in particular on administrative management matters, including budgetary matters.

Change 74

Changed4. The Board in its executive session shall keep the Board in its joint plenary or its SRM and EDIS I plenary sessions respectively informed of the decisions it takes on resolution or depositDGS insurance.";liquidity support.";

▸4 unchanged paragraphs

25. Article 56 is amended as follows:

(a) in paragraph 1:

(i) point (a) is replaced by the following:

"(a) preparing the work of the Board, in its joint plenary, plenary and executive sessions, and convening and chairing its meetings;";

Change 75

Changed(ii) in point (g), the words "on the resolution activities" are replaced by "on the resolution and on the depositDGS insuranceliquidity support activities", making such grammar changes as necessary;

Change 76

Changed(b) in paragraph 4, in the first sentence the words "bank resolution" are replaced by "bank resolution and depositDGS guarantee",liquidity support", making such grammar changes as necessary;

▸11 unchanged paragraphs

26. in Article 58, paragraph 3 is replaced by the following:

"3. The budget shall comprise three parts: Part I for the administration of the Board, Part II for the SRF and Part III for the DIF.".

27. in Article 59, paragraph 3 is replaced by the following:

"3. This Article is without prejudice to the right of the national resolution authorities, participating DGS and designated authorities to levy fees in accordance with national law, in respect of their administrative expenditures of the types referred to in paragraphs 1 and 2, including expenditures for cooperating with and assisting the Board.";

28. the following Article 60a is inserted:

"Article 60a

1. The revenues of Part III of the budget shall consist, in particular, of the following:

(a) transfers paid by ▌participating DGSs in accordance with Article 74c and Article 74d;

(b) loans received from deposit guarantee schemes in non-participating Member States in accordance with Article 74f;

(c) loans received from financial institutions or other third parties in accordance with Article 74g;

(d) returns on the investments of the amounts held in the DIF in accordance with Article 75;

Change 77

Changed(e) funding repaid by participating DGSs in accordance with Article 41o.41o;

Change 78

Changed(f)(ea) loans received from participating DGSDGSs in accordance with Article 41ba (mandatory lending);41ba.

▸4 unchanged paragraphs

2. The expenditure of Part III of the budget shall consist of the following:

(a) funding provided to participating DGSs for the purposes of Article 41a▌;

(b) investments in accordance with Article 75;

(c) interest paid on loans received from other deposit guarantee financing arrangements in non-participating Member States in accordance with Article 74f;

Change 79

Changed(d) interest paid on loans received from financial institutions or other third parties in accordance with Article 74g.";74g;

Change 80

Changed(f)(da) interest paid on loans received from participating DGSDGSs in accordance with Article 41ba (mandatory lending);41ba.";

▸11 unchanged paragraphs

29. in Article 61(2), the words "in its plenary session" are replaced by the words "in its joint plenary session";

30. in Article 63(8), the words "in its plenary session" are replaced by the words "in its joint plenary session";

31. Article 65 is amended as follows:

(a) paragraph 1 is replaced by the following:

"1. Entities referred to in Article 2(1) and respectively point (b) of Article 2(2) shall contribute to Part I of the budget of the Board in accordance with this Regulation and the delegated acts on contributions adopted pursuant to paragraph 5 of this Article.";

(b) in paragraph 5, point (a) is replaced by the following:

"(a) determine the type of contributions, the matters for which contributions are due, taking into account the different tasks of the Board under this Regulation for the purposes of SRM and EDIS I, the manner in which the amount of the contributions is calculated, and the way in which they are to be paid;";

32. in Title V of Part III, the heading of Chapter 2 is replaced by "The Single Resolution Fund and the Deposit Insurance Fund";

33. in Chapter 2 of Title V of Part III, the heading of Section 1 is replaced by "Constitution of the Single Resolution Fund";

34. in Chapter 2 of Title V of Part III, the following section is inserted:

"SECTION 1a CONSTITUTION OF THE DEPOSIT INSURANCE FUND

Change 81

Changed1. The DIF is hereby established. It shall be filled by transfers from participating DGSs of contributions collected from credit institutions affiliated to thatthose DGSs. The amounts of the contributions to be transferred shall be calculated by the Board, in accordance with paragraph 2.1a.

Change 82

Changed2.1a. Each yearyear, the individual contribution of each participating credit institution shall be calculated based on:

Change 83

Changeda)(a) a flat contribution,contribution that is pro-rataprorated based on the amount of an institution's covered deposits,deposits with respect to the amount of total covered deposits in theall credit institutions referred to in Article 2(2), point (b);

Change 84

Removedb) a risk-adjusted contribution.

Added(b) a risk-adjusted contribution with respect to the other participating credit institutions in the banking union.

Change 85

Changed2. The Board shall use the DIF only in order to provide the funding to ▌participatingthe participating DGS ▌in accordance with the objectives and the principles governing EDIS referred to in Article 6. Under no circumstances shall the Union budget or the national budgets be held liable for expenses or losses of the Fund.

3. The owner of the DIF shall be the Board. The Board's activities under this Regulation may under no circumstances engage the budgetary liability of the Member States.

Change 86

Changed1. By 53 years from the date of entry into force of this amending Regulation, the available financial means of the DIF shall reach a target level of 50% of the target level referred to in Article 10(2) of Directive 2014/49/EU calculated as a percentage of the amount of covered deposits in all credit institutions referred to in Article 2(2), point (b), of this Regulation.▌Regulation.

Change 87

Removed1. Each year until 5 years from the date of entry into force of this amending Regulation, the Board shall, ▌in close cooperation with the participating DGSs and designated authorities, determine for each participating DGS the total amount of ▌contributions to be transferred to the DIF in order to reach the target levels provided for in Article 74b. The total amount of contributions to be transferred shall not exceed the target levels provided for in Article 74b▌.

Removed2. The amounts to be transfered referred to in paragraph 1 of this Article shall be spread out in time as evenly as possible until the target level referred to in Article 74b is reached. The Board shall determine the amount to be transferred by each participating DGS in accordance with Article 74a(2) and the method to calculate the risk-adjusted contributions laid down in the delegated act referred to in paragraph 9.

Removed▌